Netflix Is Raising Its Price

Netflix has ended Q1 with a whopping 48 million paying members worldwide, very impressive for a video subscription service. This also means they made a very nice $1 billion, however they may start making much more.

The company has announced that it will be raising the price of its subscription service by €1 from €6.99 to €7.99. This means in the UK and US we may see a price rise of a pound or dollar. But right now this price rise will be for new members only. Existing members will still be on the cheaper plan for another two years.

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The price rise isn't much at all considering what you get for your money. But it's a move that should make Netflix a lot more money.